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6.Imagine you are an awesome accountant. You client, Entity A which is engaged infarming activities, asked you for an advice on how it will account for its agriculturalland. Which of the following standards would you advise Entity A should use?a.PAS 7b.PAS 16c.PAS 40d.PAS 41
7.Provisions, contingent liabilities and contingent assets are accounted for using
8.To account for additions and disposals of items of property, plant and equipment, aCPA would most likely refer to the accounting and disclosure requirements of
9.Entity X acquires 90% interest in Entity Y in a business combination. The mostrelevant Standard to be applied to this transaction is
10.Inventories are accounted for undera.PAS 1.b.PAS 2.c.PFRS 1.d.PFRS 2.
11.You are a member of the board of directors of ABC Co. Your company acquired abuilding to be held solely for rentals. You are tasked in selecting an appropriateaccounting policy for the building. In this regard, you will most likely refer to which ofthe following standards?

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Term
Summer
Professor
Jane Doe

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